IRIDEX Corporation (IRIX)

IRIDEX Statistics

Total Valuation

IRIDEX has a market cap or net worth of $25.29 million. The enterprise value is $24.80 million.

Market Cap	25.29M
Enterprise Value	24.80M

Important Dates

The next estimated earnings date is Tuesday, November 12, 2024, after market close.

Earnings Date	Nov 12, 2024
Ex-Dividend Date	n/a

Share Statistics

IRIDEX has 16.64 million shares outstanding. The number of shares has increased by 1.57% in one year.

Shares Outstanding	16.64M
Shares Change (YoY)	+1.57%
Shares Change (QoQ)	+0.21%
Owned by Insiders (%)	6.87%
Owned by Institutions (%)	19.73%
Float	12.58M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.52
Forward PS	0.51
PB Ratio	6.20
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	0.50
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.55, with a Debt / Equity ratio of 0.54.

Current Ratio	1.55
Quick Ratio	0.75
Debt / Equity	0.54
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is -122.71% and return on invested capital (ROIC) is -62.95%.

Return on Equity (ROE)	-122.71%
Return on Assets (ROA)	-19.61%
Return on Capital (ROIC)	-62.95%
Revenue Per Employee	$447,748
Profits Per Employee	-$97,811
Employee Count	111
Asset Turnover	1.46
Inventory Turnover	2.66

Taxes

In the past 12 months, IRIDEX has paid $125,000 in taxes.

Income Tax	125,000
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -52.50% in the last 52 weeks. The beta is 0.79, so IRIDEX's price volatility has been lower than the market average.

Beta (5Y)	0.79
52-Week Price Change	-52.50%
50-Day Moving Average	1.78
200-Day Moving Average	2.32
Relative Strength Index (RSI)	35.69
Average Volume (20 Days)	35,166

Short Selling Information

The latest short interest is 336,784, so 2.02% of the outstanding shares have been sold short.

Short Interest	336,784
Short Previous Month	306,518
Short % of Shares Out	2.02%
Short % of Float	2.68%
Short Ratio (days to cover)	10.16

Income Statement

In the last 12 months, IRIDEX had revenue of $49.70 million and -$10.86 million in losses. Loss per share was -$0.67.

Revenue	49.70M
Gross Profit	20.10M
Operating Income	-10.70M
Pretax Income	-10.73M
Net Income	-10.86M
EBITDA	-9.93M
EBIT	-10.70M
Loss Per Share	-$0.67

Balance Sheet

The company has $4.11 million in cash and $2.29 million in debt, giving a net cash position of $1.82 million or $0.11 per share.

Cash & Cash Equivalents	4.11M
Total Debt	2.29M
Net Cash	1.82M
Net Cash Per Share	$0.11
Equity (Book Value)	4.25M
Book Value Per Share	0.26
Working Capital	8.86M

Cash Flow

In the last 12 months, operating cash flow was -$5.74 million and capital expenditures -$53,000, giving a free cash flow of -$5.79 million.

Operating Cash Flow	-5.74M
Capital Expenditures	-53,000
Free Cash Flow	-5.79M
FCF Per Share	-$0.35

Margins

Gross margin is 40.44%, with operating and profit margins of -21.53% and -21.85%.

Gross Margin	40.44%
Operating Margin	-21.53%
Pretax Margin	-21.59%
Profit Margin	-21.85%
EBITDA Margin	-19.99%
EBIT Margin	-21.53%
FCF Margin	-11.65%

Dividends & Yields

IRIDEX does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-1.57%
Shareholder Yield	-1.57%
Earnings Yield	-40.79%
FCF Yield	-21.74%

Analyst Forecast

The average price target for IRIDEX is $2.00, which is 31.58% higher than the current price. The consensus rating is "Hold".

Price Target	$2.00
Price Target Difference	31.58%
Analyst Consensus	Hold
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

IRIDEX has an Altman Z-Score of -2.12 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-2.12
Piotroski F-Score	2